Scheduled maintenance for iOCBC on Sunday, 19 Sep 2021
The iOCBC internet trading portal and TradeMobile app will be unavailable during the period shown below due to scheduled system maintenance.
Sunday, 19 Sep 2021, 10:00am – Sunday, 19 Sep 2021, 11:59pm
We apologise for any inconvenience caused.Read More
Changes to US OTC Trading Restrictions
The US Securities and Exchange Commission (“SEC”) has adopted amendments to Exchange Act Rule 15c2-11, and these amendments come into effect on 28 Sep 2021.The new amendments enhances the disclosure and protection in the US OTC market, through restricting the ability of market makers to publish quotes for those companies that do not meet the required disclosure of information to regulators and investors. The OTC securities subject to these restrictions refer to those categorized in the Expert tier by OTC Markets. Details of SEC rule change can be found at Press Release. You may also refer to the SEC’s Public Statement.
Currently, OCBC Securities does not and will not accept any buy orders for US OTC stocks (regardless of the categorization of OTC tier). Effective 28 September 2021 onwards, OCBC Securities will no longer accept any clients’ requests to sell any US OTC stocks that have been moved to the Expert tier. All good-till-date and good-till-cancel buy orders of such Expert tier US stocks will be cancelled on the said effective date.
To view the current list of securities in the Expert tier or those in other classifications, please refer to the OTC Markets website Stock Screener tool and filter by the above-named tiers under the MARKETS filter. This tool will allow you to see the current tier of each security. Please note that additional securities from other OTC tiers, such as Pink Limited Information and Pink No Information, are being evaluated by OTC Markets and may be moved into the Expert tier, thus becoming restricted from time to time.
Please reach out to your Trading Representative or call 1800 338 8688 if you have further questions.Read More
Alert on "pump and dump" scams
HKEX increase of stamp duty on stock transactions
Restrictions on Transactions in Publicly Traded Securities of Chinese Military Industrial Complex Companies
On 3 June 2021, the President of the United States issued Executive Order 14032 (herein referred to as “EO 14032”) “Addressing the Threat From Securities Investments that Finance Communist Chinese Military Companies of the People’s Republic of China” which amended the restrictions on transactions in publicly traded securities of Communist Chinese Military Companies, or any securities that are derivative of, or are designed to provide investment exposure to these securities, wherever they are listed, previously imposed by Executive Order 13959.
The prohibition will take effect from 2 Aug 2021, or 60 days after a new entity is added to the NS-CMIC list. Divestment of the prohibited securities by US persons is permitted before 3 June 2022, or 365 days after the entity is added to the NS-CMIC.Read more
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